Common use of Operating Rights Clause in Contracts

Operating Rights. The Corporation has all operating authority, ----------------- licenses, franchises, permits, certificates, consents, rights and privileges (collectively "Authority") as are necessary or appropriate to the operation of its business as now conducted and as proposed to be conducted and which the failure to possess would have a material adverse effect on the assets, operations or financial condition of the Corporation. Such Authority are in full force and effect, no violations have been or are expected to have been recorded in respect of any such authority, and no proceeding is pending or, to the knowledge of the Corporation, threatened that could result in the revocation or limitation of any such authority. The Corporation has conducted its business so as to comply in all material respects with all such Authority.

Operating Rights. The Corporation has all operating authority, ----------------- licenses, ----------------- franchises, permits, certificates, consents, rights and privileges (collectively "AuthorityLicenses") as are necessary or appropriate to the operation of its business as now conducted and as proposed to be conducted and which the failure to possess would have a material adverse effect on the assets, operations or financial condition of the Corporation. Such Authority Licenses are in full force and effect, no violations have been or are expected to have been recorded in respect of any such authoritylicenses, and no proceeding is pending or, to the knowledge of the Corporation, threatened that could result in the revocation or limitation of any such authoritylicenses. The Corporation has conducted its business so as to comply in all material respects with all such AuthorityLicenses.